Are electric vehicles cheaper to run?

10/12/2024
All-Electric Ford Puma Gen-E Select

A common misconception about electric vehicles (EVs) is that they're more expensive to run than petrol-powered cars. Let's debunk that myth today, using the Ford Puma as an example.

 

Cost Comparison: Puma Gen-E vs. Puma Titanium

 

Figures correct as of November 2024. Using the UK average of 57p/kWh on a public fast charger, and average petrol prices of 1.34p per litre of fuel.

 

  • Puma Gen-E (Electric):
    • Public Fast Charging:
      • Cost per mile: Approximately 10p
      • Cost for 233 miles: Around £24.51

 

  • Puma Titanium (Petrol):
    • Petrol Fuelling:
      • Cost per mile: Approximately 14p
      • Cost for 233 miles: Around £32.85

As you can see, the Puma Gen-E, when charged using public fast chargers, is already cheaper to run than its petrol counterpart. If you usually fill up your car once a month, this is already over saving you over a £100 a year if you make the switch to electric. 

Home Charging: Even More Savings

But the real savings come when you charge your EV at home. By using a standard home charger, you can reduce the cost per mile to just 7.9p. This means that a full charge of the Puma Gen-E at home would cost around £13.98 - saving you at least £371 a year if you drive the UK average 127 miles a week. This is roughly the same as over 4 tanks of fuel a year at no cost!*

By choosing an electric vehicle like the Ford Puma Gen-E, you can significantly reduce your fuel costs. The more you drive, the more you'll save. The range of many EVs, including the Puma Gen-E, increases significantly when inner city driving. 

So, next time you hear someone claim that EVs are expensive to run, you can confidently set the record straight with facts and figures!

 

 

View our guide to electric vehicles here

 

*UK average price of a full tank of petrol is worked out as £75 by the RAC in December 2024.